Deloitte Corporate Finance (DCF) acted as financial advisor to Coastal Pacific Xpress (CPX) in its sale to VersaCold Logistics Services.

“The decision to use Deloitte to assist us in finding a strategic partner that best aligned with our goals was the right choice for CPX,” said Scott McIntosh, president of Coastal Pacific Xpress. “The leadership, guidance and advice that Deloitte provided throughout the process was instrumental to our success in ultimately finding the right solution for our partnership group and the future of our company. Working with the Deloitte team of professionals was a very positive experience.”

“The CPX management team has worked relentlessly to become a leading provider of temperature-sensitive transportation and logistics services in its served markets,” said Eric Andreozzi, managing director of Deloitte Corporate Finance. “Deloitte’s cross-border and transportation sector experience enabled us to identify and solicit strong interest from prospective investors across Canada and the US, ultimately finding the right partner in VersaCold.”

Surrey, BC-based CPX is a road transportation company specializing in temperature-sensitive truck load (TL) and less than truckload (LTL) transportation throughout Canada and the U.S.